This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose a graph is drawn to show a consumer's preferences for football tickets and basketball ... (Read 93 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
on: Jul 1, 2018
Suppose a graph is drawn to show a consumer's preferences for football tickets and basketball tickets. The quantity of football tickets is measured on the horizontal axis. If the price-consumption curve is horizontal when the price of football tickets changes, then
 
  A) football tickets are an inferior good.
  B) the demand for football tickets is perfectly elastic.
  C) the demand for football tickets is unit elastic.
  D) the demand curve for football tickets will be horizontal.

Question 2

An increase in the price of a good causes
 
  A) a change in the slope of the budget line.
  B) an increase in the consumption of that good.
  C) a rightward shift of the demand curve for that good.
  D) a parallel rightward shift of the budget line.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ansleighelindsey

  • Sr. Member
  • ****
  • Posts: 364
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


saraeharris

  • Member
  • Posts: 546
Reply 2 on: Jul 1, 2018
:D TYSM

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Photomicro graph showing the three layers of the skin. Photomicro graph showing the three layers of the skin.
How to use transformations to graph quadratic equations in vertex form How to use transformations to graph quadratic equations in vertex form
Graph of cos(x) Graph of cos(x)
Graph Graph
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ... Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ...
Video: Anaphylaxis Animation

For a complete list of videos, visit our video library